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08 Jan 2017

Inertia Expands and Launches its Latest Project, Veranda,in Sahl Hasheesh

Inertia, a prominent real estate company that provides high quality, modern commercial and residential properties across Egypt, announced on Friday, December 3rd, the official launch of Veranda, its latest project in Sahl Hasheesh. Inertia is offering clients an attractive ten-year payment"...

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08 Jan 2017

Qabil: 2nd industrial complex to be issued next Tuesday

Egyptian Trade and Industry ministry is scheduled to issue the second licenced industrial complex in Badr City on Tuesday January, 10, 2017, Minister Tarek Qabil stated Thursday. The complex would be dedicated for food and engineering industries sectors.

Qabil"...

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08 Jan 2017

Egypt’s foreign reserves rise to $24.265b: Central bank

Egypt’s net foreign reserves rose to $24.265 billion at the end of December from $23.058 billion at the end of November, the central bank said, cash that economists said would cover imports for more than five months.

Egypt floated its currency in November as part of a series of economic reforms aimed at reducing the budget deficit and balancing...

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08 Jan 2017

Egypt establishes highly-trained special navy forces brigade in Red Sea

President Abdel Fattah Al-Sisi inaugurated on Thursday the southern navy leadership, which is based in the Red Sea and consists of a special navy forces brigade. The step is viewed as a measure that would foster military efficiency between the Egyptian Armed Forces and navy based in the"...

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08 Jan 2017

Egypt useful but not a game changer for beef exports

Egyptian exports of fuel sagged 22.6 percent during January-September 2016 to 16.2 billion Egyptian pounds (around US$900.9 million) from 21 billion pounds at the same period of 2015.

The monthly bulletin released by Egyptian statistics body CAPMAS showed that fuel exports rose by 56.9 percent"...

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08 Jan 2017

Egypt's largest church and mosque to be built at new capital: Sisi

Egypt's President Abdel-Fattah El-Sisi announced on Friday the building of what will be the largest church and the largest mosque in Egypt at the new capital by the coming year, and that he will be the first to donate money for the project.

El-Sisi made the announcement on Friday evening"...

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08 Jan 2017

Egypt welcomes Congo's agreement to end political crisis

The agreement stipulates that current president Joseph Kabila will step down by December 2017

Egypt has welcomed on Thursday evening an agreement reached between factions in Congo to end the political crisis in"...

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08 Jan 2017

IMF deal eases Egypt’s market pressure along with other frontier markets: Fitch Ratings

IMF support has played an important role in reducing external liquidity risks, medium-term default risks in Egypt, and several frontier markets that entered into new programmes in 2016, according to a Fitch Ratings press release on Friday.

However, the press release indicates that each country’s"...

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08 Jan 2017

293 ships transit the Suez Canal in 6 days carrying 15.3m tonnes

Suez Canal traffic data showed that 293 ships transited the canal, with a total load of 15.3m tonnes, in the last six days of last week.

An average of 48.83 ships transited the canal per day during that period, with an average load of 2.55m tonnes per day. The average load per ship was about"...

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07 Jan 2017

LFB S.A. Announced Today the Acceptance by U.S. Food and Drug Administration of the Filed Biologic License Application for Coagulation Factor VIIa Recombinant, (eptacog beta activated)

LFB S.A., announced that its Biologic License Application (BLA), requesting marketing approval of Coagulation Factor VIIa (Recombinant) as a treatment for congenital hemophilia A or B in adolescent and adult congenital hemophilia A or B patients with inhibitors, has been accepted for review"...

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